Andros Capital Partners LLC has closed its second investment fund, Andros Energy Capital II LP (Fund II), at its $750 million hard cap.
Management intends to pursue an investment strategy with Fund II similar to the firm’s inaugural 2020 fund, which focused on private equity deals, credit opportunities and direct asset-level investments, according to the Jan. 5 news release.
The rapid recovery of hydrocarbon demand and ongoing global underinvestment has created a fundamental macro dislocation within the global energy markets, said Phillip A. Gayle, Jr., Andros founder and managing partner.
Fund II will primarily target middle-market transactions requiring between $100 and $500 million and maintain a completely flexible and opportunistic investment mandate, allowing the firm to invest across the capital structure in both public and private equity or debt securities.
Gibson Dunn & Crutcher LLP served as legal counsel to Andros in connection with the formation of Fund II. Andros did not engage a placement agent or any outside advisor in connection with the capital raise.
Andros Capital Partners is a private investment firm founded in Houston in 2020. With more than $1 billion in cumulative equity commitments, Andros combines flexible, long-duration capital with an opportunistic investment mandate to leverage its proven track record of building, operating and monetizing assets across the energy value chain.
Recommended Reading
What's Affecting Oil Prices This Week? (Nov. 11, 2024)
2024-11-12 - The return of Donald Trump to the U.S. presidency could have both positive and negative impacts on the oil market.
Clean Harbors Increases Pricing for Used Oil Services
2024-11-11 - Clean Harbors said the changes come in response to lower value and return on its re-refined products due to price declines in base oil, vacuum gas oil and recycled fuel oil.
ELGi, IESS System Reinjects NatGas into Reservoirs Following Bakken Flaring Ban
2024-11-11 - Industrial Equipment Sales & Services and ELGi North America have developed a technology that upgrades compressed air systems to be able to capture and reinject excess gas in lieu of flaring.
US NatGas Prices Hit 25-Year Low at Henry Hub, Negative Territory at Waha
2024-11-11 - U.S. spot natural gas prices fell on Nov. 11 to a 25-year low at the Henry Hub. At the Waha Hub in West Texas, prices fell into negative territory.
Trafigura Signs NatGas Supply Agreement with NuVista
2024-11-08 - Under the agreement, NuVista Energy will supply Trafigura with 21,000 MMBtu/d of natural gas for up to thirteen years, starting Jan. 1, 2027.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.